Daffodil International University

Faculties and Departments => Faculty Sections => Departments => Topic started by: MD. ABDUR ROUF on November 06, 2016, 09:27:27 AM

Title: Simple, Compound and complex Journal entry
Post by: MD. ABDUR ROUF on November 06, 2016, 09:27:27 AM: Simple Journal:
A simple journal entry has one debit and one credit head or element. For example: invested tk. 10,000 in his business.
Cash     10,000
Capital      10,000
Compound journal:
A compound journal entry is an accounting entry which effects more than two account heads. A compound journal entry may combine two or more debits and a credit, or a debit and two or more credits, or two or more of both debits and credits. For example: Invested cash Tk. 10,000 and Equipment Tk.20,000 in his business.
Cash     10,000
Equipment   20,000
Capital        30,000

Complex Journal:
A complex journal entry is a journal entry involving more than 3(three) account heads or elements in which there are multiple debits and multiple credits. For example: Purchased office furniture Tk.30,000, machinery Tk.20,000 and supplies Tk.15,000 by paying cash Tk.10,000 and balance issuing a note.
Office Furniture   30,000
Machinery     20,000
Supplies     15,000
Cash         10,000
Note payable      55,000
Title: Re: Simple, Compound and complex Journal entry
Post by: yahya on November 30, 2016, 06:08:43 PM: thank you!
Title: Re: Simple, Compound and complex Journal entry
Post by: smriti.te on December 04, 2016, 01:15:42 AM: Thanks for giving example to understand the topics...
Title: Re: Simple, Compound and complex Journal entry
Post by: Bipasha Matin on December 08, 2016, 12:57:55 PM: Thanks
Title: Re: Simple, Compound and complex Journal entry
Post by: Shahrear.ns on January 28, 2017, 10:56:28 PM: thanks for sharing